STAR DATA SYSTEMS INC - Unveils StarTrader(R), its STAMP Compliant Equity Trading Station [175]
Canadian Market News from Market News Publishing, Wednesday, August 18, 1999 at 10:28
Star Data Systems Inc. announced that it is launching a STAMP compliant
version of StarTrader(R). In 1998, Star Data recognized the widespread
adoption of the STAMP protocol (Securities Trading Access Message Protocol)
by all Canadian Equity Exchanges as a trend which would significantly alter
Canada's equity trading industry.
Star Data Systems Inc. has signed an agreement with Belzberg Financial
Markets & News International Inc. to develop and market a STAMP compliant
trade station, which will provide investment dealers with the functionality
required to compete in the rapidly evolving trading marketplace. StarTrader
offers trading professionals the interactive trading software they need to
execute trades in real-time on Equity Exchanges. StarTrader replaces the
Computer Assisted Trading System (CATS) terminal and combines the features
and functionality of StarQuote(R) and StarQuote PRO(TM), including
MarketWatch(R) Pages, Charts and News.
Additional StarTrader features include:
- A fully integrated Dynamic Market Book with Market-By-Order and
Market-By-Price
- PC-CATS Keyboard Functionality
- Comprehensive Trade Order-Log
- Multiple Exchange Access.
StarTrader has been certified STAMP compliant with both the Toronto and
Montreal Stock Exchanges. As part of its overall technology strategy, the
TSE is committed to converting to a STAMP access environment in the Year
2000.
The Montreal Exchange (ME) has recently decided to discontinue the
service of its existing equity trading platforms in favour of STAMP.
Exchange members currently using the Exchanges Trading Access (ETA) and
Montreal Direct Access (MDA) platforms will be required to adopt a STAMP
compliant trading solution by December 31, 1999, when these two systems
will cease to operate.
StarTrader, a Y2K-ready application, has been fully Y2K-tested in
conjunction with the Toronto and Montreal Stock Exchanges.
Star Data provides real-time information services and transaction
processing services to the Canadian financial services industry. Star Data
is based in Toronto, with offices in Vancouver, Calgary, Winnipeg, London,
Markham, Montreal, Halifax and London, UK. The Company employs more than
400 people and is listed on the Toronto Stock Exchange under the symbol
STY. For more information on the Company's products and services, visit our
website at www.stardata.com.
StarQuote, StarQuote PRO, Multipath, StarTrader, Star Data and the Star
Data logo are trademarks of Star Data Systems Inc. Unauthorized use of Star
Data's trademarks is strictly prohibited.
TEL: (416) 363-7827 x6300 Alan Hutton, President, CEO
Star Data Systems Inc.
TEL: (416) 929-6253 Jane Widerman, Media Relations
Jane Widerman Communications Inc.
(c) 1999 Market News Publishing Inc. All rights reserved.
Tel:(604) 689-1101 Fax:(604) 689-1106
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